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Why it is essential for government at all levels to change the way revenue is raised

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Saving Civilization It Matters How Government Raises Its Revenue Edward J. Dodson, M.L.A. Director, School of Cooperative Individualism (revised May 2011)

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Myron Orfield

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“Roughly 72% of the residents of the nation’s 25 largest metropolitan areas live beyond the core city limits. Over half live in suburban communities considered at risk because of growing social needs, aging or insufficient infrastructure, and stagnant tax resources.”

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“In Pennsylvania … fragmented government remains a way of life. Anything smacking of regionalism is still a tough sell ...”

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Robert P. Inman

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“There is much to recommend our region’s decentralized system of public finance. But when there are important economic interdependencies across local jurisdictions, fiscal cooperation … is required.”

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Local government is less able today to rely on state and federal revenue sharing to balance budgets.

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Whether it matters that government taxes everything, so long as nothing is too heavily taxed; or

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Mason Gaffney

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“The unique, remarkable quality of a property tax based on land ex buildings is that you may raise the rate with no fear of driving away business, construction, people, jobs, or capital! You certainly will not drive away the land. …”

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“However high the tax rate, not one square foot of it will put on a track shoe and hop out of town. The only bad thing to say about this tax's incentive effects is that it stimulates revitalization, and makes jobs. If some people think that is bad, maybe this attitude is the problem.”

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ON LAND VALUES -- YES ON BUILDING VALUES -- NO

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" Stephen R. Reed, Former Mayor, City of Harrisburg

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"The City of Harrisburg continues in the view that a land value taxation system, which places a much higher tax rate on land than on improvements, is an important incentive for the highest and best use of land...and continues to be one of the key local policies that has been factored into this initial economic success here.“

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SIMPLIFICATION PROGRESSIVITY

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UNEARNED

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Individual incomes up to the state or national median would be exempt from taxation No other exemptions or deductions would be allowed Above the median income, higher ranges of income would be subjected to graduated increases in the tax rate, up to the maximum necessary to achieve a balanced budget

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$50,000

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Incomes up to $50,000 are exempt from taxation Above $50,000 up to $100,000 might be taxed at 5% Above $100,000 up to $250,000 might be taxed at 10% Above $250,000 up to $500,000 might be taxed at 15% Above $500,000 up to $1 million might be taxed at 20% Above $1 million to $5 million might be taxed at 25% Above $5 million to $10 million might be taxed at 30%

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SPECULATION SPECULATION SPECULATION SPECULATION SPECULATION

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SUCCESS!

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John Maynard Keynes “The long run is a misleading guide to current affairs. In the long run we are all dead.”